B.O.S.S. Retirement Advisors LLC Sells 5,532 Shares of S&P Global Inc. (NYSE:SPGI)

B.O.S.S. Retirement Advisors LLC lessened its stake in shares of S&P Global Inc. (NYSE:SPGI) by 53.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,861 shares of the business services provider’s stock after selling 5,532 shares during the quarter. B.O.S.S. Retirement Advisors LLC’s holdings in S&P Global were worth $2,421,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. First National Corp MA ADV grew its holdings in S&P Global by 0.9% during the 3rd quarter. First National Corp MA ADV now owns 2,344 shares of the business services provider’s stock valued at $1,211,000 after buying an additional 20 shares in the last quarter. Kathleen S. Wright Associates Inc. grew its holdings in shares of S&P Global by 25.0% during the third quarter. Kathleen S. Wright Associates Inc. now owns 100 shares of the business services provider’s stock worth $51,000 after purchasing an additional 20 shares in the last quarter. Trust Point Inc. grew its holdings in shares of S&P Global by 1.4% during the third quarter. Trust Point Inc. now owns 1,404 shares of the business services provider’s stock worth $725,000 after purchasing an additional 20 shares in the last quarter. Headinvest LLC grew its holdings in shares of S&P Global by 2.0% during the third quarter. Headinvest LLC now owns 997 shares of the business services provider’s stock worth $515,000 after purchasing an additional 20 shares in the last quarter. Finally, EWA LLC grew its holdings in shares of S&P Global by 4.2% during the third quarter. EWA LLC now owns 498 shares of the business services provider’s stock worth $254,000 after purchasing an additional 20 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Price Performance

Shares of S&P Global stock opened at $513.64 on Friday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. The company has a market cap of $159.38 billion, a PE ratio of 45.33, a P/E/G ratio of 2.36 and a beta of 1.20. The business has a 50 day moving average of $505.03 and a 200 day moving average of $502.79. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $533.29.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.64 by $0.25. The business had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.43 billion. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The firm’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.21 earnings per share. As a group, equities research analysts forecast that S&P Global Inc. will post 15.33 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on SPGI. Robert W. Baird boosted their price objective on S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. BMO Capital Markets boosted their price objective on S&P Global from $564.00 to $576.00 and gave the stock an “outperform” rating in a report on Tuesday. Morgan Stanley boosted their price objective on S&P Global from $570.00 to $595.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Oppenheimer cut their price objective on S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Finally, UBS Group upped their target price on S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $584.54.

S&P Global Company Profile

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.